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What Does Contingent Mean in Real Estate?

HomeLight

.” So, what does contingent mean in real estate? A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met.

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Countdown to Closing: How Long Does it Typically Take to Sell a House?

HomeLight

home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. That’s 70 days — or a little over two months — from listing to closing. In fact, 24 days from list to offer is pretty swift, historically speaking. Condition of the home.

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Insights Into The Maryland Housing Market: Trends And Forecasts For 2024

Realty Biz

Get a comparative market analysis from your real estate agent to determine fair value pricing for the neighborhood. Remember that appraisals align with market value, not simply what you offer, which could jeopardize financing. For minor fixes, request a credit at closing. Don’t get emotionally swept up and overpay.

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Do I Accept the First Offer on My House, or Wait and See?

HomeLight

To help you evaluate your first offer, we’ll walk you through key consideration points, how to weigh the strength of the offer, encourage you to assess your objectives, and how to factor in market conditions. A Top-Rated Agent Can Help You Field Buyer Offers. Find an Agent. Here’s why you should take the first offer seriously.

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Received Multiple Offers on Your Home? ‘Highest and Best’ Will Tell You Who Wants it Most

HomeLight

You’ve got an incredible opportunity to make the most of this deal, if only you can avoid tripping up before closing. As a next step, your agent suggests going with a “highest and best” strategy to see if any of these offers rise to the top of the pile. With everything from 50% down to closing cost assistance, the offers ran the gamut.

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How to Sell a House by Owner in Colorado

HomeLight

Inventory is starting to rise along with the average number of days on market as of September 2022. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Within three weeks of marketing on their own, 80% to 85% of FSBO people will contract with a real estate agent.

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). During a seller’s market like the one, we had in the summer of 2021, a top real estate agent could help you find a buyer for your home in as few as 75 days from listing to closing. What do days on market mean?